# CPPIB to invest $750M in Calpine acquisition consortium

Canada Pension Plan Investment Board signed an agreement to invest US$750 million as part of a consortium led by Energy Capital Partners to acquire Calpine Corporation for US$5.6 billion.

- Type: Acquisition
- Announced: 2017-08-18
- Where: Houston, Texas, United States
- Value: $750.0M
- Status: announced
- Products: electricity generation from natural gas and geothermal
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Canada Pension Plan Investment Board](https://endata.com/companies/4245.md) (investor)
- [Energy Capital Partners](https://endata.com/companies/26371.md) (acquirer)
- [Calpine Corp.](https://endata.com/companies/26372.md) (target)

## Sources

- [einpresswire.com](https://www.einpresswire.com/article/398886219/canada-pension-plan-investment-board-signs-agreement-to-acquire-stake-in-calpine-corporation), 2017-08-18: "This investment aligns well with our strategy to expand our natural resources portfolio to include power and renewable assets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.